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Nickonomics
11. Jul. 2017 14:36

Bitcoin (BTCUSD): Yet Another Triangle 

Bitcoin / U.S. dollarBitstamp

Beschreibung

My recent Triangle-based setups have proved very efficient. XRPBTC chart:

ETHUSD chart:

Now we see the coiling price action in BTCUSD. These wave analysis labels suggest lower prices for BTC as part of an A-B-C correction. My criteria for going short is the break of 2307 level (candle close below). Also drawn on chart is Andrews' pitchfork, which is used as trend channel.

Kommentar

The link to the second chart was incorrect. The correct ETHUSD chart:

After the initial breakout, price returned to test the upper trendline. It is often the case with Triangles, keep it in mind.
Kommentare
rahul4uin2006
nice.. shorted at 2260
kabanec_1
XRPBTC chart is also old.
RogueDave
FYI: Your second additional chart that is supposed to be ETH is actually Ripple. You probably just grabbed the wrong link.
Nickonomics
@RogueDave, Thanks.
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